Dat Xanh Group subsidiary approved for main bourse listing

By Dat Nguyen June 28, 2021 | 12:27 am PT

An artist's impression of a property complex developed by Dat Xanh Group. Photo courtesy of Dat Xanh Group.

Vietnam’s main bourse HoSE has approved the listing of DXS ticker of the Dat Xanh Real Estate Services Jsc (DXS) as part of its plans to expand operations.

Shares of the Dat Xanh Group’s real estate brokerage firm were first offered to the public in April at the price of VND32,000 ($1.39) and raised VND2.2 trillion.

Parent company Dat Xanh Group, a real estate developer that has been listed since 2010, owns a 65.79 percent stake in DXS, while foreign investors own 9.37 percent.

The DXS ticker was supposed to be listed on May 24 but delays in administrative procedures caused by the Covid-19 pandemic and repeated overloading of the Ho Chi Minh Stock Exchange (HoSE) has deferred the listing, the company said in a statement.

The ticker will be traded on the Hanoi Stock Exchange until HoSE’s system becomes stable, it added.

DXG leaders expect DXS to be listed next month.

The company began operations in 2003 and claims a 30 percent share of the real estate services industry in Vietnam.